Why Shay Stacey switched from being a fee-based advisor to an advice-only financial planner
Shay Stacey transitioned from being a fee-based advisor to an advice-only financial planner after recognizing the shortcomings of traditional wealth management. She now promotes a philosophy centered on financial independence and living early. In a conversation with Brenda Bouw, she reflects on her early lessons in budgeting and her experiences in the banking industry.
- ▪Shay Stacey worked at some of Canada's largest financial institutions before becoming an independent planner.
- ▪She advocates for financial independence and a lifestyle of living early.
- ▪Stacey shares insights from her past, including a lesson in budgeting from a babysitter.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFor the best listening experience and to never miss an episode, subscribe to Behind the Advice on your favourite podcast app or platform: Apple Podcasts, Spotify, and Amazon Music.After years of climbing the ranks at some of Canada’s largest financial institutions, Shay Stacey felt that the traditional wealth management model often ignored the very people who needed advice the most. Today, she is an independent advice-only financial planner championing a philosophy of “financial independence, live early.” Shay speaks with Brenda Bouw about the babysitter who taught her an early lesson in budgeting, the feeling of being a salesperson at a big bank, and why she has the word “balance” tattooed on her arm.
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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